KSE Suspended Companies

List of Companies in which Trading is Suspended along with Reasons for Suspension

S. No.

Name of Suspended Company / Security

Effective Date of Suspension

Reasons for Suspension

1

Dost Steels Limited

January 30, 2015

Official Liquidator has been appointed by the Hon’ble High Court of Sindh and failed to fulfill the requirements of clause 5.11.1.(a) of KSE Regulations i.e. failed to commence commercial production within three years from the date of formal listing.

2

Bank AL Habib Limited (TFC2)

January 23, 2015

Final Redemption

3

National Saving Bonds(5 years Maturity)

January 20, 2015

Final Redemption

4

(Colony) Thal Textile Mills Limited

December 08, 2014

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.

5

Dawood Capital Management Limited

December 08, 2014

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations.

6

Dewan Automotive Engineering Limited

December 08, 2014

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.

7

Engro Fertilizers Limited (TFC-2)

November 14, 2014

Final Redemption

8

Moonlite (Pakistan) Limited

March 17, 2014

Has gone into Voluntary Winding-up

9

Gulistan Textile Mills Limited

January 6, 2014

Official Liquidator has been appointed by the Hon’ble High Court of Sindh and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.

10

Metropolitan Steel Corporation Limited

December 9, 2013

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.

11

Transmission Engineering Industries Limited

December 9, 2013

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations.

Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.

Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange and failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.

29

Data Textiles Limited

August 1, 2012

Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.

30

Genertech Pakistan Limited

August 1, 2012

Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.

31

Hajra Textile Mills Limited

August 1, 2012

Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.

32

Saleem Sugar Mills Limited(Ordinary & Preference Shares)

May 2, 2012

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.

33

Fatima Enterprises Limited

March 21, 2012

Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations

34

Globe Textile Mills (OE) Limited

March 21, 2012

Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations

35

Ishtiaq Textile Mills Limited

March 21, 2012

Failed to induct Ordinary Shares of the Company into CDS of the Central Depository Company of Pakistan Limited under clause 5.11.1.(g) of KSE Regulations

36

Javed Omar Vohra & Company Limited

March 1, 2012

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations and failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee.

37

First Constellation Modaraba

February 24, 2012

Has gone into voluntary winding up and appointment of Liquidator

38

Al-Azhar Textile Mills Limited

February 16, 2012

Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee of the Exchange.

39

Al-Qaim Textile Mills Limited

February 16, 2012

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.

40

Hashimi Can Company Limited

February 16, 2012

Non-Holding of Annual General Meetings for two or more years as required under clause 5.11.1.(b) of KSE Regulations, failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.

Directive received from SECP. Mr. Abid Tirmizi has been appointed as Official Liquidator.

44

Medi Glass Limited

August 16, 2010

Directive received from SECP. Mr. Adil Nisar Khan appointed as Official Liquidator.

45

Mineral Grinding Mills Limited

August 16, 2010

Directive received from SECP. On December 31, 2003 an order was passed by the Commissioner (CLD) to initiate winding-up proceedings against the company as the company has not held its AGMs since 1999 and has also suspended its business for more than four years. The Honourable High Court of Sindh has appointed Official Liquidator to sell out the asset of the Company.

46

Abson Industries Limited

August 16, 2010

Directive received from SECP. Liquidator appointed on 30-5-2000.

47

Prudential Stocks Fund Limited

August 16, 2010

Directive received from SECP. An order for winding up of the company was issued on May 20, 2008. Winding up order was challenged by the company, petition pending in Court for decision.

48

Quality Steel Works Limited

August 16, 2010

Directive received from SECP. Beside imposing penalty of around 3 million, under Section 158, 171 and 245, Winding up Order has also been passed by the Commission and petition for winding up the Company is filed in the Sindh High Court.

49

English Leasing Limited

August 16, 2010

Directive received from SECP. Winding-up Petition filed in May 2008.

50

Sunshine Cotton Mills Limited

August 16, 2010

Directive received from SECP. The company filed winding up petition in the Lahore High Court which is pending for further proceedings.

51

Sadoon Textile Industries Limited

August 16, 2010

Directive received from SECP. Under winding up, Petition filed.

52

Hakkim Textile Mills Limited

August 16, 2010

Directive received from SECP. Winding up petition filed.

53

Suraj Ghee Industries Limited

August 16, 2010

Directive received from SECP. GCP filed a creditors liquidation petition (C.O. No.121/94) in the Lahore High Court. The liquidation proceedings are under process.

54

Hallmark Insurance Company Ltd.

August 16, 2010

Directive received from SECP. Failed to fulfill the requirements of clause 5.11.1.(e) of KSE Regulations i.e. payment of outstanding Annual Listing Fee and clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.

55

Prudential Discount & Guarantee House Limited

August 16, 2010

Directive received from SECP. Winding up Petition was filed in 2002. Presently the winding up petition of the company is pending adjudication before the Honorable Islamabad High Court.

56

Pakistan Guarantee Insurance Company Ltd.

March 16, 2010

Directive received from SECP. SECP had initiated winding-up proceedings against the company in the court of law on account of non-compliance of various provisions of the Insurance Ordinance, 2000 and the Companies Ordinance, 1984.

57

Azgard Nine (Preference Shares)

November 20, 2009

On account of consolidation / clubbing and conversion of cumulative preference shares into ordinary shares.

58

Usman Textile Mills Limited

November 17, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

59

First Investec Modaraba

November 17, 2009

On account of revocation of CDS eligibility of the Certificates of the Modaraba by the CDC.

60

Investec Securities Limited

November 17, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. The company has committed further default under clause 5.11.1.(e) of KSE Regulations i.e. non-payment of outstanding Annual Listing Fee of the Exchange.

61

Al-Mal Securities & Services Limited

November 17, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

62

Investec Mutual Fund Limited

October 26, 2009

On account of revocation of CDS eligibility of the certificates of the Fund by the CDC.

63

Dominion Stock Fund Limited

October 26, 2009

On account of revocation of CDS eligibility of the certificates of the Fund by the CDC.

64

Nazir Cotton Mills Limited

October 26, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

65

Nina Industries Limited

October 26, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

66

Dadabhoy Sack Limited

October 26, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

67

Pakistan Industrial & Commercial Leasing Limited

October 26, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

68

Noor Silk Mills Limited

August 11, 2009

Directive received from SECP. SECP during the inspection noted the serious observations / irregularities / violations of law by Company including fraud committed by Director, concealment of company’s income, non maintenance of proper books of accounts, non compliance with the directions of SECP etc. Therefore SECP in process of initiating winding-up proceedings against the company.

69

Zeal Pak Cement Factory Limited

July 13, 2009

Restriction on movement of shares by the Honourable High Court of Sindh.

70

National Asset Leasing Corp Limited

March 24, 2009

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC. Appointment of Official Liquidator.

71

Progressive Insurance Company Limited

January 30, 2009

Directive received from SECP. The company is non-compliant with various provisions of Insurance Ordinance, 2000.

72

Prudential Investment Bank Limited

September 5, 2008

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

73

Adil Textile Mills Limited

March 31, 2008

On account of revocation of CDS eligibility of the ordinary shares of the company by the CDC.

74

Business & Industrial Insurance

March 5, 2008

Directive received from SECP. The company has failed to comply with various provisions of the Insurance Ordinance, 2000 and the Companies Ordinance, 1984.

75

Beema Pakistan Company Limited

May 3, 2007

Directive received from SECP. The company had issued further share capital amounting to Rs.425.897 other than right issue without prior approval of SECP, which is violation of Section 86(1) of the Companies Ordinance, 1984 and the requirements of Rule 8 of the Capital Issue Rules, 1996 (condition i & iv) were also not complied with.

76

Caravan East Fabrics Limited

September 15, 2006

On account of Members’ voluntary winding-up of the company.

77

Regal Ceramics Limited

July 18, 2005

Committed various defaults including Winding up through Court order on petition filed by the SECP.

78

Azmat Textile Mills Limited

July 18, 2005

Committed various defaults including Winding up through Court order on petition filed by the SECP.

79

Kaiser Arts and Kraft Limited

July 18, 2005

Committed various defaults including Winding up through Court order on petition filed by the SECP.

80

Schon Textiles Limited

May 9, 2005

On account of liquidation of the Company through Court Order

81

Cass Pak Industries Limited

July 23, 2002

Committed various defaults including gone into liquidation

82

Pan Islamic Steamship Company Limited

July 23, 2002

Committed various defaults including gone into liquidation

83

National Fibers Limited

August 13, 2001

On account of liquidation of the Company through Court Order

84

Standard Insurance Company Limited

July 16, 2001

Committed various defaults under clause 5.11.1. of KSE Regulations

85

Ayaz Textile Mills Limited

July 16, 2001

Committed various defaults under clause 5.11.1. of KSE Regulations

86

Mohib Exports Limited

July 16, 2001

Having gone into liquidation and committed various defaults under clause 5.11.1. of KSE Regulations

87

Karim Cotton Mills Limited

October 2, 2000

Directive received from SECP. Failed to fulfill the requirements of clause 5.11.1.(g) of KSE Regulations i.e. induction of Ordinary Shares into CDC.